Re:A year after outcry, IRS still doesn’t offer taxpayers al...
by anon291 on Friday February 10, 2023 @08:38AM
(#34739446)
> What is wrong is being liable for a debt (or whatever) because a creditor failed to properly verify the identity of a borrower
You're never liable for a debt you didn't sign for. If someone else used your information, don't pay it. The court will always side with you.
Re:A year after outcry, IRS still doesn’t offer taxpayers al...
by lotsofpulp on Friday February 10, 2023 @09:10AM
(#34739749)
Having to spend time and money to deal with the courts is a liability.
Also, credit and credit reporting is utility/infrastructure with how life is lived, including access to a place to live. So much that the federal government obligated credit reporting agencies to provide people an annual report. Having to spend time and money to fix it is also a liability, in my opinion.
It is very right, because social security numbers are not meant to be a secret.
What is wrong is being liable for a debt (or whatever) because a creditor failed to properly verify the identity of a borrower.
Those whole situation can be easily fixed by removing the ability of lenders and governments to claim they verified identity by simply asking for SSN/date if birth.
We have pocket computers with video cameras that can record and transmit spoken agreements within seconds, and we have a nationwide network of USPS offices that already do in person identity verification for issuing passports. Executing the solution is basically done, all that is left is political.